Vale suspends dividends\, buybacks and bonuses after Brazil dam disaster

Vale suspends dividends, buybacks and bonuses after Brazil dam disaster

Reuters  |  SAO PAULO 

(Reuters) - SA, the world's largest miner, suspended its planned shareholder dividends, share buybacks and executive bonuses in light of a deadly dam disaster in Brazil, according to a securities filing late on Sunday.

Vale's board of directors also created independent committees to investigate the causes of the Friday dam burst in the state of and monitor relief efforts in the devastated town of and surrounding area.

(Reporting by Paula Laier; Writing by Brad Haynes; Editing by Peter Cooney)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 28 2019. 11:09 IST